__3.png)
Slovak unemployment inched further down to 3.88% in March
23 hours ago
The net average wage in Romania increased by 14.4% y/y in nominal terms and 9.8% y/y in CPI deflated terms in August, losing momentum from June-July but remaining close to the 10% benchmark that prevailed over the past four years.
In nominal terms, the net average wage reached RON3,044 (€640). The sum is indeed some 20% above the benchmark calculated for “a decent level of living” in Romania for a single adult (estimates dating from this spring). This is why the poverty level is so high among the unemployed (mainly in rural areas and among the Roma population) and among families with children. One in three children in Romania live below the poverty line despite the unsustainable rise in wages over the past four years.
Net wages in the public administration, education and health care increased as of August in real terms by 7.2%, 12.0% and 2.9% to above-average levels (122%, 101% and 123% respectively).
In construction, the net wage recorded the steepest annual increase (+43% in real terms) but the earnings still lag behind the economy-wide average (by 3%).
The highest wages, more than twice as high as the average, were in computer programming and fuel refining.
Related Content
Data
_1713874341.png)
Slovak unemployment inched further down to 3.88% in March
There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.
Poland’s industrial production disappoints in March as output declines 6% y/y
Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Most Read
-
Europe unlikely to tackle Russian LNG imports anytime soon
1 day ago
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Will the Baku-Supsa pipeline become Azerbaijan's second oil export artery?
5 days ago
-
Russian oil depo at Yartsevo in the Smolensk region set on fire by Ukrainian drone attack
21 hours ago
-
Unstable dams mean Chernobyl-scale nuclear disaster threatens Central Asia’s Fergana valley
1 day ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
7 days ago
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
7 days ago
-
Don't mention the "D" word - Ukraine
4 days ago
-
UBN: The US Needs to Wake Up
5 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
25 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
29 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
27 days ago
-
Saudi Arabia to scale back plans for Neom city
14 days ago